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ADNOC announces oil production cut for March

Jan 26, 2010 - 12:08 -

WAM Abu Dhabi, Jan 26th, 2009 (WAM) -- The Abu Dhabi National Oil Company (ADNOC) has announced oil production cut for March, 2010. The move is in line with OPEC decision to cut production.

ADNOC said the rate of production cut from its various sources will be as follows: Murban 10%, Lower Zakum 10%, Umm Shaif 10%, while the Upper Zakum will have a 15% cut.

It added that Murban, Lower Zakum, Umm Shaif and Upper Zakum cargoes will be treated at Max/-5% tolerance loading basis for all its clients.

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